Tremor Video Inc (TRMR) : Canaan Partners Vii reduced its stake in Tremor Video Inc by 1.82% during the most recent quarter end. The investment management company now holds a total of 7,799,997 shares of Tremor Video Inc which is valued at $15,209,994 after selling 144,525 shares in Tremor Video Inc , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Tremor Video Inc makes up approximately 11.63% of Canaan Partners Vii’s portfolio.
Tremor Video Inc opened for trading at $1.94 and hit $1.98 on the upside on Monday, eventually ending the session at $1.96, with a gain of 0.51% or 0.01 points. The heightened volatility saw the trading volume jump to 53,024 shares. Company has a market cap of $103 M.
On the company’s financial health, Tremor Video Inc reported $-0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-0.12. The company had revenue of $34.60 million for the quarter, compared to analysts expectations of $35.89 million. The company’s revenue was down -9.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.14 EPS.
Tremor Video Inc. is an advertising technology company elevating brand performance across screens for the brands and publishers. The Company’s technology VideoHub analyzes in-stream video content detects viewer and system attributes and leverages its repository of stored data to enhance video ad campaigns across screens to achieve brand performance goals while providing access to analytics and measurement tools. Its VideoHub technology is the backbone of the Tremor Video Network through which it offers advertisers access to engaged consumers at scale in brand safe environments across multiple devices. It provides the Tremor Video Network as a managed service with its team managing the execution and delivery of an advertising campaign from advising on pre-campaign planning through post-campaign reporting and analysis.